I remember liking this one a lot back in 1990 or so just as I was getting to recognize Dolph Lundgren movies. Now watching it 25 years later, there are these notable scenes that strike some nostalgic moments for me. For example, I always remember when Frank/Punisher residing in his underground lair meditates nude sitting native american style; and when Punisher enters the secret underground gambling place and sends a round of bullets from his assault rifle and how his lips curl downward. I also remember the part where the Yazuka lady boss arrives at the restaurant and rubs her finger around the wine glass making that ringing sound. That's where I learned to pour water into a glass at different levels and play music with it. I don't know what that's called exactly. There are so many other memorable moments. It's definitely up there for my top Dolph films; favorite one being Dark Angel (I Come In Peace).
I notice now how similar the Frank (from Punisher) is to the Eric (from The Crow), and I hope that one day maybe we could see some sort of crossover between them two in the comics (if there hasn't been one yet).